The EUR/USD pair rose during the session on Friday, but as you can see really didn’t have a lot of strength to it. In the end, the market has been less than exciting lately, simply consolidating and grinding higher. What we find interesting is that the 1.34 level seem to be a bit too much for this market and we do recognize the fact that the Federal Reserve will drive the next move. Between now and September, its all speculation and we have a hard time believing that the market will be anything less than somewhat directionless.
Written by FX Empire